2020 TND to ILS Historical Review

YEARLY HIGH

1.3365 ILS

YEARLY LOW

1.1896 ILS

YEARLY AVERAGE

1.2260 ILS

2020 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 1.3365. Conversely, the yearly low was recorded on December 24, dropping to 1.1896.

This high-to-low spread represents a total annual volatility of 0.1469 ILS. From a start-to-finish perspective, comparing the January average rate of 1.2302 to the December average rate of 1.2014, the exchange rate registered a net change of -2.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.3365 was up 5.49% compared to the 2019 peak of 1.2670, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TND based on timing:

Yearly Peak High 6,683 ILS

2019 Average 6,093 ILS

Yearly Trough Low 5,948 ILS

Transaction Impact: A difference of 734.41 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.2609

1.1960

JanuMarcMayJulySeptNove

TND to ILS Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.2253, compared to 1.2267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 1.2253

H2 Avg (Jul–Dec) 1.2267

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1192 ILS (High: 1.3365 / Low: 1.2173). On the other end, October was the most stable month, with a tight range of 0.0182 ILS (High: 1.2429 / Low: 1.2247).

March Spread (Volatile) ±0.1192

October Spread (Stable) ±0.0182

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0241 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 1.2555) against the same month in 2019 (average: 1.1941), the exchange rate shifted by +0.0614 (+5.14%).

2020 Avg (March) 1.2555

2019 Avg (March) 1.1941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2486	1.2197	1.2302
February	1.2263	1.1956	1.2079
March	1.3365	1.2173	1.2555
April	1.2651	1.2050	1.2314
May	1.2229	1.2041	1.2142
June	1.2247	1.2025	1.2125
July	1.2399	1.2031	1.2187
August	1.2549	1.2173	1.2420
September	1.2622	1.2296	1.2441
October	1.2429	1.2247	1.2314
November	1.2349	1.2089	1.2228
December	1.2139	1.1896	1.2014